AES (
AES (AES) closed the latest buying and selling day at $20.50, shifting -0.39% from the earlier buying and selling session. This transfer was narrower than the S&P 500’s every day lack of 0.54%. On the identical time, the Dow misplaced 0.94%, and the tech-heavy Nasdaq misplaced 0.54%.
Previous to at this time’s buying and selling, shares of the facility firm had gained 1.58% over the previous month. This has lagged the Utilities sector’s achieve of 5.1% and the S&P 500’s achieve of three.22% in that point.
Buyers might be hoping for power from AES because it approaches its subsequent earnings launch, which is predicted to be February 28, 2020. In that report, analysts count on AES to put up earnings of $0.33 per share. This could mark a year-over-year decline of 8.33%. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $2.77 billion, up 5.83% from the year-ago interval.
Buyers also needs to notice any current modifications to analyst estimates for AES. Latest revisions are inclined to mirror the most recent near-term enterprise developments. With this in thoughts, we will take into account constructive estimate revisions an indication of optimism in regards to the…